Interest-Bearing Retail Accounts with Limited Checking Features Designed to Compete

question 3

Multiple Choice

Interest-bearing retail accounts with limited checking features designed to compete with money market mutual fund investments are called ________.

• A)NOWs
• B)retail CDs
• C)MMDAs
• D)special savings deposits
• E)negotiable CDs

---

Definitions:

Moving Expense Deduction

A tax deduction that allows individuals to subtract certain moving expenses from their taxable income when relocating for a job or business.

Job Sites

Online platforms or physical locations where employment opportunities are listed and can be applied for by job seekers.

Educator Expense Deduction

A tax deduction allowed for teachers and educators for unreimbursed expenses on classroom supplies.

Community College

A type of educational institution that provides two-year associate degrees, certifications, and sometimes bachelor's degrees, often at a lower cost and with open enrollment.